Press release
Succinic Acid Market Global Trends, Share, Size and Region Forecast to 2023 | Merck KGaA, Ernesto Ventos. S.A., ThyssenKrupp AG, BioAmber, Inc., Myriant Corporation, Succinity GmbH, Reverdia and etc

Succinic Acid Market Share, Succinic Acid Market Size, Succinic Acid Industry, Succinic Acid Business
Succinic Acid Market is expected to reach USD 750 Million at the end of the forecasted period and is expected to grow at CAGR of 29% from 2018 to 2023.
Succinic acid is widely used as a flavouring agent in food and beverages. It finds application as a chemical intermediate for manufacturing dyes, industrial solvents, perfumes, lacquers, photographic chemicals, alkyd resins, plasticizers, metal treatment chemicals, and coatings. It is also used in the manufacture of medicines for sedatives, antispasmers, antiplegm, antiphogistic, anrhoers, contraceptives, and cancer.
Download Exclusive Sample of this report @ https://www.marketresearchfuture.com/sample_request/1914
Succinic Acid Market Key Players:
Some of the prominent players in the global succinic acid market are Merck KGaA (Germany), Ernesto Ventos. S.A. (Spain), ThyssenKrupp AG (Germany), BioAmber, Inc. (US), Myriant Corporation (US), Succinity GmbH (Germany), Reverdia (Netherlands), NIPPON SHOKUBAI CO., LTD. (Japan), KAWASAKI KASEI CHEMICALS (Japan), Anhui Sunsing Chemicals Co., Ltd. (China), Gadiv Petrochemical Industries Ltd. (Israel), Spectrum Chemical Manufacturing Corp. (US), FUSO CHEMICAL CO., LTD. (Japan), S.S. Pharmachem (India), and R-Biopharm AG (Germany).
Succinic Acid Market Segmentation:
Succinic Acid Market has been segmented by type, grade, application, end-use industry, and region.
On the basis of type, the global succinic acid market has been segmented into bio-based and synthetic.
On the basis of grade, the global succinic acid market has been divided into food, pharmaceutical, and industrial.
On the basis of application, the global succinic acid market has been categorized as chemical intermediate, food additive, medicine, and others.
On the basis of end-use industry, the global succinic acid market has been segmented into polymer, dyes and pigments, chemicals, paints and coatings, pharmaceuticals, cosmetics and personal care, and others.
Succinic Acid Market Regional Analysis:
Succinic Acid Market has been analysed with respect to five regions, namely, Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa.
Asia-Pacific held the largest share of the global succinic acid market due to rapid industrialization on account of relaxed investment norms and low production and labour costs in the region. The market in Asia-pacific is expected to grow at a significant CAGR during the forecast period.
North America and Europe are also major markets for succinic acid due to the presence of strong end-use industries such as food & beverage, pharmaceuticals, chemicals, and cosmetics. Stringent environmental regulations are positively influencing the demand for bio-based succinic acid in these regions.
The market in the Middle East & Africa is expected to register moderate growth during the forecast period. Product demand is expected to be dominated by the regional cosmetics and food & beverage industries.
Latin America held the least market share in 2018 due to slow economic growth in the region.
As per analysis, Europe is expected to account the highest growth during the forecast period due to the huge demand from the application industries.
Succinic Acid Market Competitive Landscape:
Bio Amber emerged as major industry participants in succinic acid market over the other players including BASF SE, Nippon Shokubai, and Mitsubishi Chemical. Global succinic acid has seen strategic alliances among the industry players to collectively enjoy the growth served the industry.
BioAmber holds the major shares in this market and has influencing its dominance on other market players. Most of the key development observed in 2018 has developed by this company including joint ventures and product launches. The company has set to increase such trends in the coming years as well, which in turn, expected to develop future demand. Moreover, Integration across various stages of the value chain is expected to result in continuous raw material supply as well as low production costs.
Succinic Acid Market Table of Content:
1 Executive Summary
2 Scope of The Report
3 Market Research Methodology
4 Market Landscape
5 Market Dynamics of Global Succinic Acid Market
Succinic Acid Market Table of Content to be Continue….,
If Specific Requirement, Inquire @ https://www.marketresearchfuture.com/reports/succinic-acid-market-1914
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
Contact:
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune - 411028
Maharashtra, India
+1 646 845 9312
Email: sales@marketresearchfuture.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Succinic Acid Market Global Trends, Share, Size and Region Forecast to 2023 | Merck KGaA, Ernesto Ventos. S.A., ThyssenKrupp AG, BioAmber, Inc., Myriant Corporation, Succinity GmbH, Reverdia and etc here
News-ID: 1605831 • Views: …
More Releases from Market Research Future

Global Small Boat Industry Sees Growing Demand Amid Rising Recreational Boating …
As per the latest analysis by Market Research Future, the Small Boats Market Size was estimated at 17.12 (USD Billion) in 2024. The Small Boats Market Industry is expected to grow from 17.88 (USD Billion) in 2025 to 26.41 (USD Billion) till 2034, at a CAGR (growth rate) is expected to be around 4.43% during the forecast period (2025 - 2034).
The global small boat industry is witnessing significant growth, driven…

Automotive Trim Market Attaining USD 193.22 Billion till 2034 | Innovations Rede …
As per the latest analysis by Market Research Future, the Automotive Trim Market Size was estimated at 140.30 (USD Billion) in 2024. The Automotive Trim Market Industry is expected to grow from 144.87 (USD Billion) in 2025 to 193.22 (USD Billion) till 2034, at a CAGR (growth rate) is expected to be around 3.25% during the forecast period (2025 - 2034).
The automotive industry is witnessing a significant transformation in vehicle…

Leading Automotive Technology Firms Expand Fuel Level Sensor Solutions for Next- …
As per the latest analysis by Market Research Future, Automotive Fuel Level Sensor Market Size was valued at USD 5,788.04 million in 2024. The Automotive Fuel Level Sensor market industry is projected to grow from USD 6,008.32 million in 2025 to USD 9,201.90 million by 2035, exhibiting a compound annual growth rate (CAGR) of 4.35% during the forecast period (2024 - 2035).
With the global automotive industry focused on precision,…

Valet Parking Technology Gains Momentum as Urban Mobility and Smart Infrastructu …
As per the latest analysis by Market Research Future, the Valet Parking Technology Market Size was estimated at 1.41 (USD Billion) in 2024. The Valet Parking Technology Market Industry is expected to grow from 1.63 (USD Billion) in 2025 to 6.01 (USD Billion) till 2034, at a CAGR (growth rate) is expected to be around 15.62% during the forecast period (2025 - 2034).
Valet parking technology is emerging as a transformative…
More Releases for Succinic
Dodecenyl Succinic Anhydride Market Size, Opportunities 2023-2032
The global market for Dodecenyl Succinic Anhydride (DDSA) has witnessed steady growth in recent years, reflecting its increasing applications across various industries. According to recent market research, DDSA accounted for USD 56.2 million in 2023 and is projected to reach USD 75.7 million by 2032, growing at a compound annual growth rate (CAGR) of 3.5% from 2024 to 2032. This growth trajectory underscores the expanding demand and opportunities within the…
Polyisobutenyl Succinic Anhydride (PIBSA) Market 2022 | Detailed Report
The Polyisobutenyl Succinic Anhydride (PIBSA) research report undoubtedly meets the strategic and specific needs of the businesses and companies. The report acts as a perfect window that provides an explanation of market classification, market definition, applications, market trends, and engagement. The competitive landscape is studied here in terms of product range, strategies, and prospects of the market’s key players. Furthermore, the report offers insightful market data and information about the…
Global Succinic Acid Market Size-Forecast to 2026
As per the research conducted by GME, the Global Succinic Acid Market is estimated to be valued at USD 161.34 Million in 2021 and is projected to reach USD 226.29 Million by 2026 at a CAGR of 7%. The global succinic acid market is predominantly spurred by government initiatives that promote succinic acid production, the abundance of sustainable basic resources, and rising petroleum rates.
Browse 151 Market Data Tables and 111…
Succinic Acid market Global Forecast over 2017- 2027
Succinic acid (chemical formula: C4H6O4) is a water-soluble, crystalline, four-carbon di-carboxylic acid. It can be produced from petroleum feedstock or from bio based resources. Generally, succinic acid is produced from maleic anhydride, whereas, synthetically succinic acid is produced from butane via maleic anhydride. Furthermore, succinic acid is used as a chemical intermediate in the manufacturing of lacquers and perfume esters, in pharmaceutical products. Also, succinic acid is used in foods…
Succinic Acid Market- Global Industry Analysis by 2027
Succinic acid (chemical formula: C4H6O4) is a water-soluble, crystalline, four-carbon di-carboxylic acid. It can be produced from petroleum feedstock or from bio based resources. Generally, succinic acid is produced from maleic anhydride, whereas, synthetically succinic acid is produced from butane via maleic anhydride. Furthermore, succinic acid is used as a chemical intermediate in the manufacturing of lacquers and perfume esters, in pharmaceutical products. Also, succinic acid is used in foods…
Succinic Acid Market to Grow Globally
Succinic acid, also known as succinate is present in the tissues of animals and plants, where it plays a key role in the metabolic process. The name succinic acid is derived from the Latin ‘succinum’, meaning amber, and earlier it was also known as "spirit of amber." Succinic acid is either extracted from amber, manufactured synthetically or prepared through a fermentation process. Succinic acid is used as a supplement to…